Altarea's Credit Rating Affirmed as Outlook Turns Stable

S&P Global Ratings has affirmed Altarea's long-term credit rating at BBB−. The outlook has been revised from "negative" to "stable." This reflects confidence in Altarea's financial standing and strategic direction.

S&P highlights the resilience of Altarea's rental income and anticipates a recovery in property development. The company's diversified business model, along with its agile and prudent financial policy, contributes to this positive outlook.

Altarea's subsidiary, Altareit, has also had its outlook revised to "stable" and maintained its BBB− rating, aligning closely with the parent company.